ETH price Again, in the $ 3,700 area and the last rise stopped decreases in subcoins. Today, an important day will visit a US President Fed for the first time in years later. This is extremely meaningful in the days of Powell’s resignation. Well Ethereum 
$3,653.32 What are the latest situations and expectations on the front? Does the decline in subcoins start again?
Ethereum (ETH) ETF
In our evaluation yesterday Eth After the decrease in the price, we mentioned that the flow of ETF became much more important. If we had seen a strong net entrance days later, it would mean further decrease. However, it was the opposite and we saw a net entering of hundreds of millions of dollars. Moreover, this situation took place in BTC ETFs despite the ongoing exits on the third day. ETH is now on the border of $ 3,700.
ETF flow attracted the attention of TKL and wrote the following; Crypto investors’ application – the reason will surprise you!
“Ether ETFEntrances are rapidly increasing. Spot Ether ETFs recorded a net introduction of 533.9 million dollars on Tuesday, and this was the 4th largest entrance to the records. In contrast, the highest level of all time of $ 726.7 million on July 16 was seen.
This has been the longest 13th daily entry record since the beginning. During this time, investors transferred about 4.0 billion dollars to these funds. As a result, the total net input of all Ether ETFs exceeded $ 8.3 billion. ”
Ethereum and Bitcoin (BTC)
Bitcoin 
$118,725.29 price Even if the price of ETH should remain strong, even if it goes down to $ 118,000. Since ETH has experienced rapid decreases in the past hours, we have seen that snow sales in subcoins accelerated. For now, if sales are weakened, we should see an increase in ETHBTC parity.
0,0299 level was tested and ETHBTC His parity has returned to this support for now. Is it enough? No, we will watch what to do in 0.0333BTC resistance, and if it can exceed this time, the 0.04 hill will be targeted after 0.037. This will also ensure that the route is drawn for the overall of the Altcoins.
Daancrypto, who shares the chart above, says there will be a strong break from the triangle in 1-2 weeks. For now, if the price is near the resistance point, if you want to test the base, then subcoins may see losses exceeding 10 %.
Responsibility Rejection: The information contained in this article does not contain investment advice. Investors should be aware that crypto currencies carry high volatility and thus risk and carry out their operations in line with their own research.
